How did PayPal create its monopoly? | Homework.Study.com (2024)

Business Economics Monopoly

Question:

How did PayPal create its monopoly?

Monopoly:

A market form with multiple buyers and a single seller who is selling a unique product is known as a monopoly. A monopoly firm enjoys market power as it faces zero competition.

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PayPal is an online payment system which allows the virtual or electronic transfer of money, without the involvement of any personal checks. It is...

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Monopoly in Economics | Definition, Characteristics & Types

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Chapter 7/ Lesson 2

46K

Understand the meaning of a monopoly in economics and what it does. Also, know the characteristics of a monopoly and the different types of monopolies.

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